The Inventory Accuracy “Confidence Gap”

Talking Logistics

The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. And it begins with improving their inventory accuracy.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. Inventory management is a hot issue. Companies invest in project after project, yet inventory levels remain the same.

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.”

Design, Operating and Situational Inventory Trade-Offs

ToolsGroup

Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. or “How can we reduce inventory and improve our balance sheet?”.

Broman Group Chooses RELEX to Automate its Replenishment Processes

RELEX Solutions

Broman Group , a Finnish automotive spare parts and accessories company, has chosen RELEX to improve its supply chain processes. Broman Group chose RELEX to reduce the amount of manual work around ordering. Broman Group was founded in 1965. Read PDF.

Port Logistics Group acquires e-commerce tech firm Whiplash

EFT

Port Logistics Group , an omnichannel logistics services provider, has acquired Whiplash Merchandising, Inc. The move comes just over a year after Port Logistics Group took an ownership interest in Whiplash: since February 2018, Port Logistics Group has fulfilled more than 1.5 This brings Port Logistics Group’s warehouse space up to 6.3 Port Logistics Group is investing in the technology and software to further drive innovation.

SanDisk’s Story of Customer Segmentation Strategies Using Inventory Postponement

Supply Chain Shaman

Spinnaker Management Group asked me to co-present on a demand-driven webinar with SanDisk. Instead, in the SanDisk journey , they adjusted the speed of response to their customer segments, and actively designing inventory postponement strategies.

Five Types of Inventory Optimization You Should Know

ToolsGroup

Inventory configuration is usually the predominant issue in most manufacturing environments. Inventory policy is usually the predominant issue in most distribution environments. This risk pooling approach frequently requires less inventory.

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story.

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. The distributor maintains the inventory plan.

How You Can Optimise Your Inventory to Save Money

Unleashed

The phrase ‘flushing money down the drain’ can feel like a reality if your inventory isn’t managed properly. Managing inventory can be daunting, but the feeling of losing money because of inventory can be even worse. It’s time to pay attention to what’s going on in your warehouse and make your inventory save money for you. Let’s see what inventory management techniques can help put a few more dollars back into your accounts.

Case Musti Group: Thriving in a Complex, Multinational, Supply Chain Environment

RELEX Solutions

Case Musti Group: Thriving in a Complex, Multinational, Supply Chain Environment. Musti Group at a Glance. Company name Musti Group Nordic Oy. – Matti Salmi, Purchasing Director, Musti Group Nordic. Store Service Manager, Musti Group Nordic.

S&OP: An Interview with Nari Viswanathan, Aberdeen Group

Logility

In case you missed it, I recently spoke with Aberdeen Group’s Nari Viswanathan about the change in S&OP strategy. With better and timelier information, you can more tightly manage your inventory.

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Winning the Inventory Battle in the Consumer Products Industry

Logility

From a supply chain standpoint the battle for new product profitability relies largely on two key capabilities, developing accurate new product forecasts and optimizing new product inventory. reduction in finished goods inventory (days). Capability 2: Optimize New Product Inventory.

Structuring Your Demand Planning Group to Make its Greatest Contribution

Supply Chain Nation

Whether you are contemplating creating a demand planning group within your company, or questioning whether your current demand planning is as functional as possible, Part 2 of this 4-part series is aimed to help you navigate the hurdles of structuring your organization and its supported processes, so as to ensure your demand planning group is established and organized for its greatest chance of success.

Inventory Optimization: How to Handle Slow Movers

Supply Chain Nation

You may be wondering why the number of raspberry gourmet coffee boxes Kroger has in their inventory at their store in rural Georgia even matters, but it does and here’s why: Inventory management is a critical part of every company’s supply chain and is a large part of the operating costs in all industries. Handling inventory of fast movers, items that are sold quickly and in large amounts, is very well understood. This is why we support groups service levels.

Supply Chain Agenda of Alessandro de Luca, SVP at Merck Group

Supply Chain Movement

Alessandro de Luca, Senior Vice President, Head of Global Supply Network Operations at Merck Group. I am responsible for the end-to-end global supply chain for Merck Serono, the group’s pharmaceutical division. ‘Real-time communication in order to be able to react fast is key’.

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Are you getting the most out of your inventory management process?

Kinaxis

by Andrew Dunbar Inventory is often the single largest asset on a company’s balance sheet and your inventory management process can have a huge impact on your organization’s bottom line. Finance and business management will prioritize inventory reduction to increase profitability.

PCI Case Study: Hybrent’s Solution Revolutionizes Reporting & Streamlines Operations for One of the Largest Multi-Specialty Physician Groups in Iowa

Hybrent

Physicians’ Clinic of Iowa (PCI) is one of the largest private, multispecialty physician groups in Iowa, with locations in Cedar Rapids and Waterloo. He found that the lack of information and visibility also frustrated the PCI employees who were responsible for placing orders, interacting with vendors, and managing inventories for the various departments within PCI. This has given PCI users the confidence to reduce inventories closer to real time fulfillment. SITUATION.

Merchants Market Group Implements Blue Ridge Supply Chain Planning Technology

Blue Ridge

Enables leading Caribbean food service distributor to accurately forecast seasonal demand patterns and precisely align inventory levels at every distribution center. Blue Ridge leadership believes the team at Merchants Market Group is poised for greater success. “We’re

Group Purchasing Organizations: More Than a Healthcare Opportunity

AFFLINK

Historically, group purchasing organizations (GPOs) have been primarily utilized within the healthcare industry. A GPO is a group of businesses or organizations that come together to use their collective purchasing power to receive discounts from vendors.

Three Rules of Inventory

Logility

Bryan Ball, vice president and principal analyst, supply chain management, Aberdeen Group, has outlined three rules to follow in his latest report, “ Inventory Optimization - Impact of a Multi-Echelon Approach.”

Three Rules of Inventory

Logility

Bryan Ball, vice president and principal analyst, supply chain management, Aberdeen Group, has outlined three rules to follow in his latest report, “ Inventory Optimization - Impact of a Multi-Echelon Approach.”

ABC Analysis of Inventory: Optimize Business Bottom Line

OptiProERP

The most common concern supply chain management experts struggle with is accurately identifying the causes of inventory inconsistencies. If a discrepancy is identified when users pick an item or perform a count, an inventory correction needs to be performed. Categorizing your inventory.

Building A Demand Planning Group: Roles and Skillsets to Consider

Supply Chain Nation

Once you’ve decided your company will create a demand planning group and have determined what processes your organization will support , you can decide how to structure and staff it. As discussed in Part 2, there may be other functions combined with demand planning in your group. These roles don’t even need to be in the same organization—the technical role could go to IT and the consensus building role could be combined with a buyer or inventory planning role.

What’s new in the automotive supply chain? (Hint: Inventory Replenishment Policies)

The Network Effect

Today I want to explore how automobile suppliers are improving their operations via inventory replenishment policies. Effective inventory replenishment policies in use today include the 830/862 converted to a delivery release, KanBan, Min/Max, and Sequencing.

Is your inventory manager a firefighter or an air traffic controller?

Kinaxis

by Andrew Dunbar This is the second blog in my series on Inventory Management. You can find the first one ‘ Are you getting the most out of your inventory management process? Managing inventory can be a challenging job! Inventory managers have to balance multiple conflicting priorities, support multiple internal and external customers, and are typically responsible for millions of dollars spread across multiple sites. Who manages inventory at your company?

What is Inventory?

Logistics Bureau

Well, I asked Keiran Hogan one of our inventory management experts, exactly that question! Inventory can best be described as any materials or goods that pass through or are held in your business and are necessary in order to carry out your trade. Inventory Management.

Inventory Reduction: The Path to Supply Chain Management

LeanCor

Inventory Reduction: The Path to Supply Chain Management. Inventory is not only a critical part of supply chain management; too often it is the main cause of a painfully incremental progression toward effective and genuine supply chain management. This inventory builds.

What Your Inventory Can Tell You About Your Promotional Strategies

Cognira

Below are some thoughts about promotions from the POV of an Inventory Manager. Inventory Managers can see that there is no turning back time on the discount clock. Why do Inventory Managers care? How does this impact Inventory Management?

Struggling with Multi-Echelon Inventory Adoption

Arkieva

2006-2009 I did a PhD on Multi-Echelon Inventory Optimization. Though benefits are clear, multi-echelon inventory adoption has been very slow. Pilots within and across company boundaries have been convincing, but we have not seen a widespread multi-echelon inventory adoption.

HCL Tech signs global alliance agreement with JDA Software Group

Supply Chain Network

From IIFL: “HCL Technologies, a leading global IT services provider, announced today that it has signed a global alliance agreement with the JDA Software Group, Inc, leader in supply chain management. The alliance addresses the unique supply chain challenges for business in the areas like planning, procurement, production, distribution, warehousing, inventory, transportation and customer services.

How Inventory Management is a problem the size of Australia

The Network Effect

Inventory distortion costs retailers nearly $158 for every man, woman, and child on the planet. Billion a year is the cost of Inventory distortion in North America, an amount equivalent to the annual revenues of Kroger, Home Depot, and Target combined. chem7/Flickr.

Sales, Inventory & Operations Planning (SiOP) – Part Two

Arkieva

Where supply chain wants to see details, finance is OK with aggregated levels like per region and product group. The lack of a good forecast creates service issues, unbalanced inventories and operational firefighting costs. Inventory Management S&OP Supply Chain Supply Planning

Three Ways Material Handling Equipment Is Changing with Rise of E-Commerce

Talking Logistics

With more and more brands looking to develop their e-commerce capabilities, their needs for moving and handling inventory are shifting as well. Guest Commentary Guest Commentary - Kenco Group Robots Warehouse Management business intelligence ecommerce Kenco Group material handling equipment MHE omnichannel

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